Class Action Filed Against Open Lending for Securities Violations

Multiple law firms have filed securities class action lawsuits against Open Lending Corporation on behalf of investors who purchased the company's stock between February 24, 2022, and March 31, 2025. The lawsuits allege that Open Lending and certain senior officers misrepresented the company's risk-based pricing models, profit share revenue, and the value of loans originated in 2021 through 2024, leading to significant financial losses. These issues came to light beginning March 17, 2025, when Open Lending announced delays in filing its annual report, followed by disclosures of substantial net losses and reductions in estimated profit share revenues, which caused the stock price to plummet. Investors who suffered losses during the class period are encouraged to contact the respective law firms to discuss their rights and the possibility of serving as lead plaintiff, with a deadline to submit motions by June 30, 2025. The law firms emphasize that representation is on a contingency fee basis, requiring no upfront payment, and highlight their experience in securities litigation to attract investors. The lawsuits reflect growing concerns about Open Lending's financial disclosures and loan portfolio performance affecting shareholder value.